Director/PDMR Shareholding

RNS Number : 7942C

Purplebricks Group PLC

20 April 2017

 

20 April 2017

Purplebricks Group plc

("Purplebricks" or the "Company")

Sale of Shares and PDMR notification

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, has been notified that Nick Discombe, Senior Non-Executive Director, has today sold 1,600,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at £3.00 per Ordinary Share. Following the sale of Ordinary Shares, Mr Discombe and his connected persons are beneficially interested in 4,812,788 Ordinary Shares, representing approximately 1.78 per cent. of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Nick Discombe
2	Reason for the notification
a)	Position/status	1.    Senior Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Purplebricks Group plc
b)	LEI	(Pending)
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: GB00BYV2MV74
b)	Nature of the transaction	1.    Sale of shares
c)	Price(s) and volume(s)	Price No. of shares 1.    £3.00 1.   1,600,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	19 April 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks                                                                                                                      [phone]

Michael Bruce, Chief Executive

Neil Cartwright, Chief Financial Officer

Zeus Capital - Nominated Adviser                                                                           [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

Investec - Joint Broker                                                                                                  [phone]

Keith Anderson

Carlton Nelson

Peel Hunt - Joint Broker                                                                                               [phone]

Dan Webster

Instinctif Partners                                                                                                           [phone]

David Simonson

Mark Reed

George Yeomans

About Purplebricks

Purplebricks is the leading next generation estate agency in the UK that combines highly experienced and professional Local Property Experts and an innovative use of technology to help make the process of selling, buying or letting so much more convenient, transparent and cost effective. Purplebricks is transforming the way people perceive estate agents and estate agency.

 

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